crop insurance News

Up to 40% of Losses from Frost Damage at French Vineyards Are Uninsured

PARIS – Frost damage to French vineyards this month could reduce wine production by nearly a third compared with recent years, farm office FranceAgriMer said on Thursday, citing initial estimates from wine producers. The losses, subject to revision as the …

Despite Soy Rally, Farmers Bet on Corn Backed by High Crop Insurance Guarantee

CHICAGO— A 45% rally in soybean prices in 11 months was not enough to convince South Dakota farmer DuWayne Bosse to give up any corn acreage on his farm this spring. “For our farm, we are looking at maxing out …

Kenya Seeks More Crop Insurance to Cover Small Farms from Climate Change Risks

Kenya’s agriculture ministry has opened bids for crop insurance providers to cover more smallholder farmers from the risks and shocks of climate change, under a government program, according to a statement in state-owned MyGov newspaper. Companies have until March 16 …

New Rules for Idaho Potato Field Quarantines

U.S. officials have released a new plan involving methods to deal with a microscopic pest in southeastern Idaho that threatens the state’s billion-dollar industry that supplies a third of the nation’s potatoes. The U.S. Department of Agriculture late last week …

Sompo Acquires Diversified Crop Insurance, Forms AgriSompo North America

Sompo International Holdings Ltd. (SIH), a Bermuda-based specialty provider of property/casualty insurance and reinsurance, has acquired Lenexa, Kan.-based Diversified Crop Insurance Services (DCIS), a subsidiary of CGB Enterprises Inc. (CGB). DCIS and ARMtech, Sompo International’s existing U.S. federally sponsored multi-peril …

Insuring Cannabis Summit: There Were Crop Risks Aplenty in 2020

Editor’s note: This is part of a series of articles based on panels and presentations during Insurance Journal’s 2020 Insuring Cannabis Summit on Nov. 19. Is there a lot of risk in cannabis crops that insurance professionals should know about? …

Midwest Farmers Receive Record Federal Aid, Crop Insurance Payments Under Trump

U.S. President Donald Trump is assuring a bumper year for farmers as the Nov. 3 election approaches, with record government subsidies projected to make up more than a third of farm income in 2020. The aid programs could be key …

New Mexico Lawmakers Say Farmers Shortchanged on Disaster Aid

New Mexico’s congressional delegation is calling for more oversight of a federal agency after some farmers and ranchers were shortchanged on disaster aid and Hispanic farmers who rely on traditional acequias to irrigate their crops have been told they’re ineligible …

Dry Weather Worsening in Colorado, 17% in ‘Exceptional Drought’

The summer drought that lingered throughout Colorado has become worse. The entire state is currently experiencing abnormally dry conditions and nearly 17% of the land area is in exceptional drought, the most extreme category, the U.S. Drought Monitor said. The …

Western Wildfires Taint Vineyards With Taste Of Smoke

Smoke from the West Coast wildfires has tainted grapes in some of the nation’s most celebrated wine regions with an ashy flavor that could spell disaster for the 2020 vintage. Wineries in California, Oregon and Washington have survived severe wildfires …